Get started

Euraudsignal

EURAUD | Perspective for the new weekSince the US Political Uncertainty that gave significant value to the AUD in the last couple of months has finally subsided, we are beginning to see traction in the value of the Euro since the Breakout of Key Level occurred on the 1st of December which has been followed by series of rejection which lasted a week plus. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Since sellers were unable to push the price below AUD1.61300, it appears they have finally surrendered the momentum to the Buyers. ii. Breakout of AUD1.6300 as rendered this level a new support level for future Buying power for the EURAUD. iii. AUD1.6300 shall remain a yardstick for my buying options in the coming week(s). Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:4.5 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
6
Update: The completion of wave ii of 3Update: The completion of wave ii from sub-waves and the advent of ascending trend In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price increase in wave iii, which can be extend to the range of 1.6500. The stop loss for this analysis would be 1.6140.
Long
by NirmataFX
2
EURAUD - Ending Diagonal PatternNotes : 1- The structure of the constituent sides is in the 5 waves triple format. 2- In MACD, convergence is in triplicate format I cannot provide a long-term analysis for this currency, in daily basis reviews for patterns, we reached this pattern in the 60-minute chart on EURAUD. All conditions are ready for a 250 to 300 pip uptrend. To confirm the uptrend, the price needs to cross the range of 1.6283, which means the close of the candlestick in the 60 minutes chart should be above this price level. The loss limit is the range of 1.6102, which is selected based on the 240-minute chart As the main trend is unknown the target of the Diagonal pattern is at the beginning of its movement, which has been set at the end of wave 2.
Long
by NirmataFX
2
EUR/AUD Roaming in the Flat TrendThe trend is moving flat in the triangle shape. The control price is between the dynamic resistance trendline and the solid support trendline. The current trend is flat but, there are possibilities of a rise and fall. It will touch the solid trendline, and then there are two scenarios. If the trend bounces from that point, there will be an incremental movement, and it will touch 1.6595 (the first target), then the next target will be 1.6860 . If the trend falls, it will hit the first target ( 1.5960 ). Then it will touch the second target ( 1.5660 ). Day Trading strategy: From the solid support trendline, You can start to buy until the control price trendline. And you can start to sell there, until the solid support trendline.
by forextidings
2
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now. A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
Long
by Mihai_Iacob
EURAUD at Strong Support Trendline - Reversal?In this chart, crucial support and resistance are indicating an overall bullish trend since mid-2012 . Here, I have used the Elliott wave pattern. In the beginning, It's an impulsive wave, But forward it's converted into the corrective waves. MA of 50 and 200 indicates a positive trend. EURAUD is taking pullback after hitting the strong support trendline . In the last weekly candle, it had touched this major support trendline . If you noticed the strong support trendline , you would get to know that. Every time the trend knocked it, It bounced from that point. The last weekly candle has touched the strong support trendline . What do you expect ahead?+ Technically, we may see the Euro / Australian dollar at 1.65000 - 1.70000+ for the longterm investors. But don't buy off below this trendline. Because after the breakdown, it can drop to the crucial support, you should not buy off.
Long
by forextidings
EURAUD is approaching 61.8% fibo 200 Exponential moving averageEURAUD The recent covid developments has cause the euro rise on phenomenal range and the euro central bank also hint with further stimulus will be provided if needed.The euro recover plan has helped the risk assets to get some positive move. Broad weakness of USD is also a factor in rising of euro. At around 1.65500 minor psychological level the EURAUD got some rejection and felled towards 1.61500 which is around 350 pips move. Vaccine development news help the Aussie dollar to get some earlier loses against euro. Though the virus spread in Victoria state caused some further lockdown restrictions. Currently the price is trading below the 50% Fibonacci level. We can expect minor rebound towards 61.8% Fibonacci level coordinates with the crossing of trend line And 200 Exponential moving average 1.64000 is a low volume and major psychological level. Shorting at this would give us a good risk reward ratio. Primary target would be 1.60350,. Stop lose may place above 1.65000 level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit
EW Analysis: EURNZD Short Trade SetupEURAUD declined impulsively and breaks below the key support zone. According to the Elliot Wave theory, impulses show the direction of the larger trend and a three-wave correction follows every impulse. In EURAUD's case, the retracement seems to take the form of an "a-b-c" zigzag pattern, if the correction has completed traders should expect more weakness to follow in the weeks ahead. - The breach of the green line will confirm the correction is completed. - Targets below wave (i) low is plausible the week ahead What's your thought on EURAUD? Let me know in the comment.
Short
by Veejahbee
7